[cheez]

If only more people understood this. That being said, if your biggest and best stocks aren't going up, neither will your index. The question is whether inflated PEs are here to stay.

[controversy]

They are until the fed can no longer print money through various ways.

[cheez]

There is no country on earth that is immune from willy nilly central bank printing right now. So everyone is in the same boat.

Now... If someone figures out how to stop the central bank printing and keep things going, that will be a problem for USD.